TFS Financial (NASDAQ:TFSL) Hits New 12-Month Low – Here’s What Happened

TFS Financial Co. (NASDAQ:TFSL) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $11.45 and last traded at $11.73, with a volume of 434982 shares traded. The stock had previously closed at $11.95.

TFS Financial Price Performance

The stock’s fifty day simple moving average is $12.87 and its 200 day simple moving average is $13.04. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $3.29 billion, a P/E ratio of 41.79 and a beta of 0.77.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. On average, equities research analysts predict that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.2825 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.66%. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

Insider Buying and Selling

In other TFS Financial news, Director Daniel F. Weir sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total value of $131,100.00. Following the sale, the director now directly owns 18,841 shares of the company’s stock, valued at approximately $247,005.51. This trade represents a 34.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony J. Asher sold 13,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $12.15, for a total value of $164,025.00. Following the transaction, the director now owns 59,607 shares in the company, valued at $724,225.05. This trade represents a 18.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,055 shares of company stock valued at $1,550,540 over the last ninety days. Company insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

A number of large investors have recently added to or reduced their stakes in TFSL. Parallel Advisors LLC lifted its stake in TFS Financial by 4.2% in the 4th quarter. Parallel Advisors LLC now owns 25,251 shares of the bank’s stock valued at $317,000 after buying an additional 1,026 shares in the last quarter. US Bancorp DE boosted its stake in shares of TFS Financial by 6.2% in the fourth quarter. US Bancorp DE now owns 18,568 shares of the bank’s stock worth $233,000 after acquiring an additional 1,085 shares during the last quarter. Quent Capital LLC increased its position in shares of TFS Financial by 68.0% during the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after purchasing an additional 1,497 shares in the last quarter. Wells Fargo & Company MN raised its stake in TFS Financial by 17.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,948 shares of the bank’s stock valued at $150,000 after purchasing an additional 1,750 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in TFS Financial by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,784 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.